Wyoming approves first US DAO – Bits Media

Regulators of the American state of Wyoming, known for its friendly attitude towards cryptocurrencies approved the launch of the first Autonomous Decentralized Organization in the USA (DAO).

Licensed by American CryptoFed DAO. DAO registration letter came from the Secretary state Wyoming more 1 july.

“Weiming is a leading jurisdiction in the United States in terms of regulation of digital assets, And now, With the new DAO law, perhaps, The best jurisdiction for blockchain companies in the world. Now it has become really real to create a real digital currency with mass acceptance ", - said the General Director of American Cryptofed DAO Marian Orr (Marian Orr).

Merchant Advisory Group Group, which includes 165 the largest merchants in the USA, Positive reacted to the approval of the first DAO in the United States. As noted by the head of the group John Drechny (John Drachy), The group always welcomes competition in the payment sector.

The goal of the American Cryptofed DAO is to promote the economy, two tokens, which would not be exposed to inflation or deflation. For this, the organization has released the algorithmic stable Ducat token to implement transactions without commissions. Token's trigger on the blockchain EOS. The company also launched Locke token to manage and stabilize Ducat token.

Recall, that the Governor of Wyoming signed a bill on the registration of DAO in April this year. He entered 1 july, and American Cryptofed Dao immediately took the opportunity.